What will the future of art look like? That was a crucial question that needed to be answered, so the 2022 Christie’s Art + Tech Summit (July 19-20), brought together VCs, VPs, CEOs, COOs, CSOs, brand heads, founders, and every other VIP from several start-ups and established tech companies.
However, the discussion did not exclude artists. Artist Blake Kathryn and digital creator Andre Oshea were asked to discuss the ways that NFTs had affected their separate careers and paths for the summit’s opening panel. Both are independent digital artists who benefited from the gold-mine moment of 2021’s rising NFT pricing.
As independent freelancers, Kathryn and Oshea felt bound by the demands of their clients. However, as Oshea claimed in the talk, it wasn’t until the NFT boom that he had the freedom to build his practice on his own terms.
The 2021 boom came to an abrupt end in the recent months, and Kathryn and Oshea, like many others in the industry, have adopted the viewpoint that the crypto slump is good for everyone, driving out the speculators. However, the artists and the majority of the NFT community could feel a hibernation underway.
Web3 and fintech leaders who were present at the summit did not seem to be anxious about the future of the art and technology. After the recent firings en masse, which mostly affected tech companies, it seems that companies who survived this will continue to operate as they were.
OpenSea, which is the main platform for NFTs, laid off 20% of its employees in the past couple of months, but whoever survived this may have very little to worry about.
One thing was proven vital, and that is blockchain technology and its potential to transform the economy of content creation. Not only that, but art will also play a large role in that transformation.
The goal of Web3 and related technologies is to entice mainstream customers to adopt NFTs and other digital forms of content investments, but developers and artists are shaping their technology based on the habits and preferences of a very narrow (white, cis male) community. This is one of the issues that still has to be resolved.
The past 2 years have been a testing ground for NFTs and digital content creation, as well as the intersection with technology and cryptocurrency. The Art + Tech Summit confirmed that this intersection between art and technology is here to stay and will continue to be on the rise.
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Photo via Christie’s